UW Regents approve $1 million salary for Barry Alvarez

As expected, the University of Wisconsin Board of Regents on Friday approved a new compensation package for Athletic Director Barry Alvarez that will pay him $1 million a year.

The contract, which has not been finalized, is a five-year rolling contract that pays Alvarez $500,000 in Athletic Department money and $500,000 in outside income each calendar year.

The Athletic Department is not authorized to negotiate compensation with Alvarez. Instead, outgoing Chancellor Biddy Martin negotiated the package with Alvarez and sent it to the Regents for final approval.

Martin has been named president of Amherst College in Massachusetts.

With his new pay package, Alvarez will become one of the highest paid athletic directors in the country.